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NBI Global Tactical Bond Fund Investor Series

Global Fixed Income

FundGrade C Click for more information on Fundata’s FundGrade

FundGrade C

Click for more information on Fundata’s FundGrade.

NAVPS
(07-23-2025)
$8.87
Change
-$0.02 (-0.22%)

As at June 30, 2025

As at June 30, 2025

Period
Created with Highcharts 10.3.3Sep 2016May 2017Jan 2018Sep 2018May 2019Jan 2020Sep 2020May 2021Jan 2022Sep 2022May 2023Jan 2024Sep 2024May 2025Jul 2022Oct 2022Jan 2023Apr 2023Jul 2023Oct 2023Apr 2024Jul 2024Oct 2024Jan 2025Apr 2025Mar 2017May 2018Jul 2019Sep 2020Nov 2021Jan 2023Mar 2024$9,000$9,500$10,000$10,500$11,000$11,500$9,400$9,600$9,800$10,200$10,400$10,600$10,800Period

Legend

NBI Global Tactical Bond Fund Investor Series

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Fund Returns

Inception Return (May 27, 2016): 0.25%

Fund Returns
Row Heading Return Annualized Return
1 Mth 3 Mth 6 Mth YTD 1 Yr 2 Yr 3 Yr 4 Yr 5 Yr 6 Yr 7 Yr 8 Yr 9 Yr 10 Yr
Fund 0.83% 0.44% 0.92% 0.92% 2.66% 2.82% 1.98% -1.38% -0.95% -0.23% 0.43% 0.14% 0.11% -
Benchmark 1.17% -1.15% 1.81% 1.81% 8.38% 6.12% 4.37% -0.05% -1.62% 0.08% 0.81% 1.03% 0.66% 1.87%
Category Average 0.98% 0.57% 2.28% 2.28% 4.83% 4.08% 3.17% -0.43% -0.05% 0.61% 1.18% 1.02% 1.04% 1.38%
Category Rank 102 / 233 132 / 221 174 / 218 174 / 218 171 / 204 135 / 176 109 / 155 75 / 123 55 / 99 56 / 93 52 / 85 47 / 72 37 / 64 -
Quartile Ranking 2 3 4 4 4 4 3 3 3 3 3 3 3 -

Monthly Return

Created with Highcharts 10.3.3-4%-2%0%2%4%6%
Monthly Return
Return % Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun
Fund 1.88% 0.85% 0.55% -1.76% 1.32% -1.08% 0.46% 1.01% -0.98% 0.45% -0.84% 0.83%
Benchmark 3.88% -0.22% 1.89% -0.37% 0.95% 0.21% 1.24% 1.20% 0.53% -1.24% -1.07% 1.17%

Best Monthly Return Since Inception

4.09% (April 2020)

Worst Monthly Return Since Inception

-5.97% (March 2020)

Calendar Return (%)

Created with Highcharts 10.3.3-20%-10%0%10%20%
Calendar Return
Return % 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Fund - - 2.10% -2.96% 6.48% 5.39% -3.07% -11.77% 5.44% 1.76%
Benchmark 16.63% -1.36% -0.08% 7.82% 1.45% 7.03% -6.05% -10.83% 2.72% 6.80%
Category Average 2.92% 2.08% 2.75% -0.04% 5.49% 5.94% -1.81% -10.70% 5.33% 2.37%
Quartile Ranking - - 2 4 2 3 3 3 2 3
Category Rank - - 28/ 69 73/ 78 39/ 91 69/ 97 65/ 104 79/ 138 80/ 160 117/ 195

Best Calendar Return (Last 10 years)

6.48% (2019)

Worst Calendar Return (Last 10 years)

-11.77% (2022)

Asset Allocation

Asset Allocation
Name Percent
Foreign Government Bonds 66.26
Mortgages 15.13
Foreign Corporate Bonds 10.25
Foreign Bonds - Other 3.83
Cash and Equivalents 2.02
Other 2.51

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 88.19
Exchange Traded Fund 9.56
Cash and Cash Equivalent 2.02
Other 0.23

Geographic Allocation

Geographic Allocation
Name Percent
North America 45.58
Europe 27.62
Asia 20.43
Latin America 4.40
Multi-National 1.79
Other 0.18

Top Holdings

Top Holdings
Name Percent
iShares China CNY Bond UCITS ETF USD 9.56
United States Treasury 4.13% 28-Feb-2027 6.25
United States Treasury 4.00% 28-Feb-2030 4.23
United States Treasury 3.88% 15-Aug-2034 3.66
France Government 3.00% 25-Nov-2034 2.97
Germany Government 2.40% 18-Apr-2030 2.67
United Kingdom Government 1.50% 31-Jul-2053 2.30
Cash and Cash Equivalents 1.98
Italy Government 4.40% 01-May-2033 1.79
Canada Government 3.25% 01-Dec-2034 1.71

Equity Style

Equity style data not available

Fixed Income Style

Average Duration: L. Average Credit Quality: M.
Period: 

Risk vs Return (3 Yr)

Created with Highcharts 10.3.3Risk (Annualized Standard Deviation)ReturnMedian DeviationMedian Return12345678910111213141516-10%-5%0%5%10%15%

NBI Global Tactical Bond Fund Investor Series

Median

Other - Global Fixed Income

3 Yr Annualized

Standard Deviation 5.72% 5.10% -
Beta 0.68% 0.53% -
Alpha -0.01% 0.00% -
Rsquared 0.46% 0.45% -
Sharpe -0.33% -0.65% -
Sortino -0.22% -0.93% -
Treynor -0.03% -0.06% -
Tax Efficiency 53.15% - -
Volatility Volatility rating is 2 on a scale of 1 to 10 Volatility rating is 2 on a scale of 1 to 10 -

Risk Rating

Rating 2 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 3.88% 5.72% 5.10% -
Beta 0.49% 0.68% 0.53% -
Alpha -0.01% -0.01% 0.00% -
Rsquared 0.38% 0.46% 0.45% -
Sharpe -0.17% -0.33% -0.65% -
Sortino -0.10% -0.22% -0.93% -
Treynor -0.01% -0.03% -0.06% -
Tax Efficiency 62.33% 53.15% - -

Fund Details

Start Date May 27, 2016
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Monthly
Assets ($mil) $1,130

Fund Codes

FundServ Code Load Code Sales Status
NBC331

Investment Objectives

The NBI Global Tactical Bond Fund’s investment objective is to generate income and capital growth, while focusing on capital preservation. To do this, the fund invests directly, or indirectly through investments in securities of other mutual funds or through the use of derivatives, in a diverse portfolio mainly composed of bonds and other foreign fixed-income securities with various maturities and credit ratings.

Investment Strategy

Applying a disciplined approach, the fund uses various active investment strategies, such as securities selection and asset allocation based on countries, duration, yield curve, currencies and sectors. These strategies are employed within a robust risk management framework.

Portfolio Management

Portfolio Manager

BNY Mellon Asset Management Canada Ltd (Mellon AM)

Sub-Advisor

Insight North America LLC

  • Nate Hyde
  • Brendan Murphy

Management and Organization

Fund Manager

National Bank Investments Inc.

Custodian

Natcan Trust Company

Registrar

Natcan Trust Company

Distributor

National Bank Investments Inc.

Investment Minimums

RSP Eligible Yes
PAC Allowed Yes
PAC Initial Investment 25
PAC Subsequent 25
SWP Allowed Yes
SWP Min Balance 500
SWP Min Withdrawal 50

Fees

MER 1.64%
Management Fee 1.35%
Load No Load
FE Max -
DSC Max -
Trailer Fee Max (FE) -
Trailer Fee Max (DSC) -
Trailer Fee Max (NL) 0.50%
Trailer Fee Max (LL) -

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